Mkts moves up Marginally

Published: Friday, May 28, 2010, 10:03 [IST]

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Mumbai,May 27:At 14:00 hrs The Sensex was up 115.22 points or 0.69% at 16781.62, and the Nifty up 33.15 points or 0.66% at 5036.25. Nifty was hovering around 5050 mark with positive bias. It was trading in a narrow band of 5020-5050 for last couple of hours

Buying was seen in metal, realty, consumer durables, FMCG and auto stocks. All BSE sectoral indices were trading in green.

In the largecap space, Jindal Steel, Sterlite Industries, Suzlon Energy, SAIL and Mahindra and Mahindra were up 2-4%. On the losing side, BPCL, Maruti Suzuki, IDFC, Reliance Infra and GAIL were down 0.6-1.4%.

Index heavyweight Reliance was trading at Rs 1,027.10 up 0.51% from its previous close of Rs 1,021.85. Tech major Infosys was trading at Rs 2,654.10 up 0.4% from its previous close of Rs 2,643.45. Refinery major HPCL was trading at Rs 357.15 up 1.64% from its previous close of Rs 351.40

Cigarette major ITC was trading at Rs 279.05 up 1.42% from its previous close of Rs 275.15. Hindustan Lever was trading at Rs 233.35 up 0.26% from its previous close of Rs 232.75.

14:00 PM

Mkts lose from early gains ,remains positive

Mumbai, May 27: At 12:30 hrs The 30-share BSE Sensex was trading at 16774, up 108 points and the Nifty was at 5034, up 31 points. Nifty was trading in positive terrain for third consecutive day following good global cues. However, the indices came off a bit from their highs today due to profit booking at higher levels. It seemed like they were consolidating after sharp rally in last two days.

ITC gained 2% and HUL was up 0.6%. ONGC and Cairn India from oil & gas exploration pack rose 1.5% each and Reliance Industries went up 0.6%.

DLF and Unitech from realty segment went up 2% each. Reliance Communications and Idea Cellular from telecom pack moved up 1.2-1.7%; and Bharti Airtel was up just 0.4%.

Tata Power, Power Grid and NTPC gained 0.9-1.4%. ACC from cement pack went up 1.5% and Ambuja Cements up 0.6%.

However, ICICI Bank, Maruti, BPCL, L&T, GAIL, IDFC and Reliance Infrastructure were the only losers.

12:30 PM

Mkt opens in green; Hindalco on top

Mumbai, May 28: Market opened in green as the denial by China about the possible reviews of European debt holdings have helped the markets. At 9:40 hrs, BSE sensex at 16,821.25 up 154.85 points and NSE Nifty at 5048.80 up 45.70 points.

Nifty proceeds the rally for the third consecutive day. Nifty was up by 52 points and Sensex, up by 183 points. Asian markets also shot up.

Around 674 shares advanced while 63 shares declined on the NSE.

Hindalco was the top gainer, surged by 3 percent on Novelis numbers. Tata motors also rose 3 percent post numbers.

Among the broader indices, Areva T&D surged 7 percent. S kumars Nationwide rose 4 percent. Sesa Goa was up by 5 percent. Kingfisher Airlines and RCF were up by 3.4 to 4 percent. TVS Motors and HCC went by by 3 to 4 percent.